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NoAgentList RatingHow are grades calculated? Info

$494,900

1005 Summerlin Dr, Granbury, TX, 76048

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,497 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$198.2 / sqft
Year BuiltBuilt in 2002

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
AppliancesElectric Cooktop, Electric Oven, Microwave

Exterior

Lot Size1.18 acres

Building Information

Year Built2002
Stories1
Garage Spaces2

Land Information

APN14067.000.0052.0
Lot Number52
SubdivisionSummerlin
Land UseResidential
Legal DescriptionACRES: 1.180 LOT: 52 SUBD: SUMMERLIN ADDN PHASE TWO
Census Tract160100
Assessed Land Value$45,000
Assessed Improvement Value$454,580
Assessment Year2025

About this property

Wide open spaces on a little over an acre await you. This wonderful place to call home is located off of the 567 Loop in the highly sought after Summerlin Addition with easy access to Weatherford, minutes from the Granbury Square, and a hop, skip, and a jump to lower your boat into Lake Granbury. Custom built home with lots of charm boasting wood accents and crown molding throughout. 3 bedrooms, 2 and a half baths with 2 living and 2 dining. Kitchen was updated with granite counters, and is open to the breakfast area, where you will have a beautiful view of the wildflowers in the back yard. The large laundry room has plenty of room to place an extra refrigerator and would make a great mud room, extra pantry, or additional storage space. Immaculate and move in ready with neutral colors and a blank slate just waiting for you to bring your vision and ideas to make it your very own. No HOA and out of the city limits. Virtual staging photos coming soon.

Investor Tools

Property Icon
$499,580
Estimated Property Value
$470,360Estimated Mortgage Balance
$33,320Estimated Equity
6% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,997 /month
Positive
Cash Flow Estimate:
$999 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$611/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,829
$499,580
2025
$45,000
$454,580
$499,580
No

Tax History

Year
Tax Paid
Assessed Value
2025
$4,829
$499,580

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Novus Home Mortgage
Conventional
$470,360
No
First
Nov 7, 2025
Dec 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$466,260
$33,320
6%
93%
$2,821/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Granbury

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1005 Summerlin Dr | Property Details | No Agent List